Offshore China Well Contract Goes to AGR

Empyrean Energy plc (AIM: EME) has awarded independent energy services company AGR a contract to assist with well planning and engineering on the Jade prospect in Block 29/11 offshore China, AGR reported Wednesday.
AGR pointed out in a written statement emailed to Rigzone that it will provide offset analysis and detailed well design engineering for the project in Block 29/11, located in the Pearl River Mouth Basin approximately 124 miles (200 kilometers) southeast of Hong Kong. The contract recipient added that its Perth-based Australian project team will use AGR’s “iQx” probabilistic time and cost application “P1” to evaluate well design options, progressing to a recommended design for what will be Empyrean’s first well in China.
“We are delighted to be involved in this exciting project and supporting Empyrean as they look to deliver a safe, efficient, and profitable drilling campaign,” remarked Andy Perchard, AGR’s vice president for the APAC region. “With our years of operational excellence in the Asia Pacific and long history of well engineering expertise, we look forward to maximizing the potential of this exciting new prospect.”
AGR is a portfolio company of the Aker (OTCMKTS: AKAAF) subsidiary Akastor.
To contact the author, email mveazey@rigzone.com.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- UK Activists Stop Russian Tanker With $36.5M Of Diesel
- Germany to Stop Russian Oil Imports
- No Offshore Oil Auctions Devastating To Americans, NOIA Says
- Henry Hub Price Expected to Average $8.69 in 3Q
- Market Searching for Coherent Direction
- The US Cannot Make Enough Fuel
- Aramco Sets New Quarterly Earnings Record
- Peterhead Carbon Solution To Provide $1.5Bn To UK Economy
- Chevron, Pertamina Partner On Lower Carbon Opportunities
- NSTA Announces Corporate Plan For 2022-2027
- Ban on Excessive Gasoline Prices Heading for Vote
- This Is Where the Oil Price Would Be Without the War
- Ukraine Disrupts Gas Deliveries to Europe for First Time
- OPEC Kingpins Sound Alarm
- Biden Scraps Offshore Oil Auctions
- Sabic Sees Profit Hit by Costs
- USA Gasoline Price Hits New Record
- LNG Supply Crisis To Hit Hard This Winter
- Europe Looks To Africa For More Gas As E&P Reconsiders Projects
- China Is Spoilt for Choice of Oil
- Oil Tanker With 750 Tons Of Diesel Sinks Off Tunisia
- Oil and Gas Discovery Confirmed at Hamlet
- Be Prepared to Pay More at the Pump from June
- Top Headlines: Be Prepared to Pay More at the Pump from June
- Gas Prices Could Rocket in the Near Term
- Ban on Excessive Gasoline Prices Heading for Vote
- Exxon Does It Again - Three More Discoveries Offshore Guyana
- This Is Where the Oil Price Would Be Without the War
- Top Headlines: Gas Prices Could Rocket in Near Term and More
- Europe Braces for Diesel Deluge